The US Securities and Exchange Commission (SEC) has postponed its decision on a proposed spot Solana exchange-traded fund (ETF).
Now, the crypto sector is turning its attention to upcoming deadlines for Polkadot and XRP-based ETFs in June.
According to a May 13 SEC filing, the decision on Grayscale's spot Solana Trust ETF on the New York Stock Exchange (NYSE) has been delayed until October 2025.
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The move comes after the SEC previously delayed a decision on Canary Capital's Litecoin ETF, as Bloomberg Intelligence analyst James Seyffart mentioned in a May 5 post.
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While a Solana ETF could attract less investment than Bitcoin ETFs, it has the potential to improve Solana's institutional adoption.